Commercial Street, Ferryhill, DL17 0DF - 11% Rental Yield

£62000.00

 

Commercial Street, Ferryhill, DL17 0DF - 11% Rental Yield

£62000.00


Large Tenanted 4- Bedroom Mid-terrace House.

Property Details

  • The property is freehold.
  • The property briefly comprises of entrance to large Lounge, dining area, kitchen and down stairs toilet.
    First floor - landing, 4 bedrooms and a bathroom.
  • The current EPC is a D 
  • This property is already tenanted and the tenants are happy with the decor but we will ensure that any damp work is treated as necessary and all certificates will be in date.

Property Information Pack
 

Refurbishment Work

We will ensure that this property is to a minimum of the Durham Decent Homes Standard  and also to the current Selective licensing conditions (durham.gov.uk) and as part of the sale we will also provide a warranty to cover any snagging issues on these items free of charge within your first 6 months of ownership.

To find out more please click on the following link - Refurbishment Work

Rental figures

This property is let at £550pcm which is £6,600 per annum, which gives a yield of 11%. 

Please note that if the current tenant moved out the property could achieve £650 pcm following a fresh refurb.

We will also set up the ongoing management for you -  Services Provided by Our Trusted Local Agents

Location

Ferryhill is a great area for rental properties and for first time buyers.  

LINK TO GOOGLE MAPS 

To find out more please click on the following link - High Yield Locations in County Durham

 

or call: 

Latest News

View all news »